Economic Analysis for Ecosystem-Based Management
Release Date: 02/19/2011
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Project Description:
Client:
Massachusetts Ocean Partnership (MOP)
Product:
The field of economics offers a conceptual framework for thinking about interactions between humans and the natural world. Many decisions regarding natural resources hinge on questions of how people value these resources and how to make appropriate tradeoffs. Economic analysis provides rigorous, well-developed methods and a useful set of decision-support tools for natural resource management and policy. However, these economic methods are underutilized for resource management decision-making.
To address this gap, the Massachusetts Ocean Partnership released a reader-friendly, 13-page document called Economic Analysis for Ecosystem-Based Management of Ocean and Coastal Resources: An Introduction. The report provides an accessible, useful overview for managers, policy makers, stakeholders, and others with an interest in marine ecosystems.
Peter Taylor of Waterview Consulting co-authored the document with three natural resource economists, and Waterview Consulting designed the interior pages of the report.